Splunk Inc. vs Broadcom Inc.: AIOps Stocks to Look Out for 2022

The overall AIOps market is projected to be worth US$40.91 billion by 2026 registering a CAGR of 21.05%

Artificial intelligence for IT operations (AIOps) is a scalable technology that streamlines the complexities of IT by automating the monitoring of operational data from apps and services. By leveraging artificial intelligence and machine learning, AIOps gives site reliability engineering. The overall AIOps market was valued at US$13.51 billion in 2020 and is projected to be worth US$40.91 billion by 2026, registering a CAGR of approximately 21.05% during the forecast period of 2021-2026. In this article, we will lookout for the best AIOps stocks by comparing Splunk Inc. and Broadcom Inc., the two top AIOps companies.

Splunk Inc., together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company provides adoption and implementation services, education services, maintenance, and customer support services. It sells its offerings directly through the field and inside sales, and indirectly through various routes to market with various partners. Its current AIOps stock is US$93.76, a 6.59% increase from the previous close.

Broadcom Inc. designs develop and supply various semiconductor devices with a focus on complex digital and mixed-signal complementary metal oxide semiconductor-based devices and analog III-V based products worldwide. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation, and alternative energy systems, and electronic displays. Its current AIOps stock is US$571.57, a 0.79% increase from the previous close.

Splunk's Saas and on-premise AIOps solution is also a GigOm "outperformer" and features IT event management to reduce noise, predictive analysis to help prevent outages, and AI-enabled incident response to channel alerts to the right person. Broadcom Inc. uses AIOps as a component of its BizOps for Broadcom solution, which aims to tie tech outputs to desired business outcomes like accelerating business growth, increasing the bottom line, and enriching the customer experience.